BDO supply remained tight in Q3 due to production outages heard at a leading producer’s facility during September backed by lesser imports from Asia. Market sources were pointing at the considerable increases in spot pricing due to the changing demand fundamentals. Demand started gaining momentum after August due to raised sentiments from the downstream polybutylene terephthalate (PBT) manufacturers who further reported greater enquiries by the automotive producers. Regional demand for PBT shot up in Q3 with a producer reporting 45% increase in demand in September on month-on-month basis. Resumption in downstream operations triggered active restocking during September resulting in greater need for BDO derivatives. Players, however maintained a cautious over the influence of demand fundamentals and prevailing supply constraints, thereby maintaining the price range around USD 2015/tonne in the final weeks of September.
ChemAnalyst addresses the key problematic areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of ChemAnalyst, benefitting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion-dollar projects globally.
Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Acrylonitrile is calculated considering the production, import, export and inventory-levels on the country and regional level markets.
Acrylonitrile price is correlated with the price trend of crude oil, demand-supply gap, Propylene and with movement across the downstream derivatives such as acrylonitrile-butadiene-styrene (ABS), styrene-acrylonitrile (SAN) etc.
Basic details and information on financial performance of leading global players in the Acrylonitrile market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.
Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.
1,4-Butanediol (BDO) is a straight chain glycol possessing hydroxyl groups on both the ends. versatile diol precursor to numerous derivatives such as esters, carbamates, polyesters and urethanes. It is commonly used as a starting material for high performance polyester and polyurethane resins and for several industrial chemicals like tetrahydrofuran (THF) which is used to make spandex fibers and other specialty polymers, polybutylene terephthalate (PBT) resins for engineering plastics and gamma-butyrolactone (GBL) which has demand in electronics and high-performance polymers. The largest consumer of BDO is tetrahydrofuran, which is further utilized to produce polytetramethylene ether glycol (PTMEG), a key feedstock to produce spandex fibers, copolyester ethers & urethane elastomers. THF is also a widely used solvent in the pharmaceutical industry. The second major end-users are the polybutylene terephthalate (PBT) manufacturers. Other BDO applications include cosmetics, pesticides, hardeners, artificial leather and plasticizers. There are several methods of BDO production known worldwide. The first commercial route to BDO was the Reppe synthesis which involved the reaction of Formaldehyde with Acetylene followed by hydrogenation to produce BDO. The Reppe process is particularly popular in China which is heavily investing in utilizing its coal reserves for synthesizing chemicals. Other processes include Butadiene-based process, Maleic Anhydride-based process, Propylene-based process etc. The global 1,4-Butanediol industry is investing heavily in the production of bio-based BDO that is synthesized from sustainable sources.